First Trust Emerging Markets Local Currency Bond ETF (FEMB) to Issue Monthly Dividend of $0.14 on March 31st

First Trust Emerging Markets Local Currency Bond ETF (NASDAQ:FEMB) announced a monthly dividend on Wednesday, March 26th, NASDAQ Dividends reports. Shareholders of record on Thursday, March 27th will be given a dividend of 0.1425 per share on Monday, March 31st. This represents a $1.71 dividend on an annualized basis and a yield of 6.35%. The ex-dividend date is Thursday, March 27th. This is a 7.5% increase from First Trust Emerging Markets Local Currency Bond ETF’s previous monthly dividend of $0.13.

First Trust Emerging Markets Local Currency Bond ETF Stock Performance

Shares of NASDAQ:FEMB opened at $26.94 on Friday. The company has a 50-day moving average price of $26.91 and a 200 day moving average price of $27.21. First Trust Emerging Markets Local Currency Bond ETF has a 52 week low of $25.60 and a 52 week high of $29.35.

First Trust Emerging Markets Local Currency Bond ETF Company Profile

The First Trust Emerging Markets Local Currency Bond ETF (FEMB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that invests in a broad range of bonds issued by emerging-market sovereign, sub-sovereign and quasi-sovereign entities, denominated in local currencies.